§ 1393. — 1393. (Amended by Stats. 1978, Ch. 1183.)

California § 1393.

• Jurisdiction: California
• Code CCP: Code of Civil Procedure - CCP
• Title: 10.
• Part 3.: TITLE 10. UNCLAIMED PROPERTY
• Ch. 4.: CHAPTER 4. Management of Unclaimed Property
• Art. 4.: ARTICLE 4. Disposal of Proceeds of Sale or Lease

Text

The proceeds of any transaction by the Controller under the provisions of this chapter, in connection with property received and held by the state under the provisions of Article 1 (commencing with Section 1440) of Chapter 6 of this title, for the benefit of unlocated heirs, devisees or legatees of estates of deceased persons, shall be credited by the Controller to such heirs, devisees or legatees of the property affected by such transaction; or, if such property has permanently escheated to the state, to the account in the General Fund to which the permanently escheated cash derived from estates of deceased persons is credited.

Legislative History

Amended by Stats. 1978, Ch. 1183.